LA PLATA ECONOMIC DEVELOPMENT ALLIANCE

EIN: 841533334 Community Improvement

DURANGO, CO

Total Revenue
$1,355,005
Total Expenses
$839,311
Total Assets
$1,406,051
Net Assets
$1,126,125
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CO
Principal Officer
SARAH TOBER
Phone
9702591700
Tax Period
2023-01-01 to 2023-12-31

LA PLATA ECONOMIC DEVELOPMENT ALLIANCE, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $516K, a strong 38% operating margin.

Mission

The Alliances mission is to create a vibrant and resilient economy through the recruitment, retainment, and growth of business to preserve our quality of life. This mission is achieved by workforce development, enabling business capacity, supporting affordable housing for the community workforce that is essential for long-term economic sustainability, and fostering public and private partnerships.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,048,860
Program Service Revenue $293,649
Investment Income $15,267
Other Revenue $-2,771
TOTAL REVENUE $1,355,005

Expense Breakdown

Grants Paid $225,042
Salaries & Benefits $358,014
Fundraising Expenses $73,507
Program Expenses $625,752
Other Expenses $256,255
TOTAL EXPENSES $839,311

Year-over-Year Comparison

2023 2022 Change
Revenue $1,355,005 $573,629 +1.4%
Expenses $839,311 $481,206 +0.7%
Net Income $515,694 $92,423 +4.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$121,977
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL FRENCH Executive Dir. 40.00
Officer
$121,977 $0 $121,977
EDWARD BOX III Director 1.00
Director
$0 $0 $0
ASHLEIGH TARKINGTON Director 1.00
Director
$0 $0 $0
STEVE ELIAS Chair-Beg 8/22 2.00
Officer Director
$0 $0 $0
JOE THEINE Chair-End 8/22 2.00
Officer Director
$0 $0 $0
MATT SALKA Director 1.00
Director
$0 $0 $0
KIM BAXTER Director 1.00
Director
$0 $0 $0
MITCH DYE Vice Chair/Secr 1.00
Officer Director
$0 $0 $0
JASON PORTZ Treasurer 2.00
Officer Director
$0 $0 $0
KENT CURTIS Director 1.00
Director
$0 $0 $0
JESSIKA BUELL Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,355,005 $839,311 $1,406,051 $515,694
2022 $573,629 $481,206 $849,537 $92,423
2021 $569,138 $382,758 $632,788 $186,380
2020 $286,126 $315,431 $391,955 $-29,305
2019 $313,095 $260,783 $408,461 $52,312
2018 $354,927 $310,295 $345,870 $44,632
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